The McMaster Contributory Pension Plans are defined benefit plans. As such, your pension can be estimated ahead of time based on criteria such as Pensionable Services and Best Average Earnings. The Salaried and Hourly Pension Plans at McMaster are both provincially regulated.

McMaster has implemented a new Group RRSP for new TMG Employees, new Senior Academic/Administrative Officers, and new eligible Unionized Employees, including Operations & Maintenance, Hospitality Services, Security Services, Machinists, Operating Engineers, Parking Services, and the McMaster University Academic Librarians' Association. McMaster has partnered with Desjardins Financial to provide a competitive fee structure and flexible Group RRSP product matching employer contributions on required employee contributions.